U.S. Psychiatrist Salary 2026: $351K Median
The median psychiatrist salary in the United States is $350,900 per year, based on 102 approved salary reports on SalaryDr through . The middle 50% of reports fall between $325,000 and $365,000; the 10th to 90th percentile range is $300,000 to $395,000.
- Median
- $350,900
- Middle 50% (25th–75th)
- $325K–$365K
- Approved reports
- 102
- As of
Source: SalaryDr salary reports — anonymous, self-reported and approved before publication. Total compensation includes base salary, bonuses and incentives. Outlier reports beyond 1.5×IQR are excluded from the median, average and percentiles. Figures from 24 or fewer reports are rounded to protect privacy. Methodology
Psychiatry Bonus & Incentive Pay (2026)
Based on 102 approved salary reports. 79% of them include bonus or incentive compensation.
Bonus Compensation Overview
- Average Bonus
- $80,612
- Median Bonus
- $60,000
- Bonus Range (IQR)
- $45,000 - $70,000
- Bonus as % of Total Comp
- 22%
- Physicians with Bonus
- 81 of 102 (79%)
New Graduate Offer Package
- Early Career Physicians
- N=17
- % Receiving Bonus
- 53%
- Median Bonus (0-3 yrs)
- $25,000
Psychiatry Salaries by State
Browse All Specialties →Explore psychiatry salary data across different states. Click on any state to view detailed compensation information for that location.
View all Psychiatry salary reports by location →
Psychiatrist Salary FAQ
Answers are computed from the 102 approved salary reports on this page.
How much does a psychiatrist make in 2026?
The median psychiatrist salary in the United States is $350,900 per year, based on 102 approved salary reports on SalaryDr through September 28, 2026. The average is $349,002. At the average reported workweek of 40 hours, the median works out to about $169 per hour.
What is the salary range for a psychiatrist?
The middle 50% of reported psychiatrist salaries fall between $325,000 (25th percentile) and $365,000 (75th percentile). The 10th to 90th percentile range is $300,000 to $395,000. Based on 102 reports.
Which states pay psychiatrists the most?
Among states with at least 3 approved reports, the highest median psychiatrist pay on SalaryDr is in Montana ($400,000 median, 3 reports), Iowa ($380,000 median, 5 reports), and Florida ($370,000 median, 3 reports). State medians built from a handful of reports can move as new reports arrive.
Do private practice psychiatrists earn more than hospital-employed psychiatrists?
In SalaryDr's reports, yes: private practice psychiatrists ($385,000 across 20 reports) report a higher average total compensation than hospital-employed psychiatrists ($379,205 across 34 reports).
How many hours does a psychiatrist work per week?
Psychiatrists who reported their schedule average 40 hours per week (102 reports).
How does experience affect psychiatrist pay?
Average total compensation by years of experience in SalaryDr's psychiatrist reports: 0–2 years, $375,000 (17 reports); 3–5 years, $370,000 (22 reports); 6–10 years, $372,250 (40 reports); 11–15 years, $380,000 (12 reports); 16+ years, $365,000 (11 reports).
How much bonus pay do psychiatrists receive?
79% of approved psychiatrist reports include bonus or incentive pay. Among those 81 reports, the median bonus is $60,000 and the average is $80,612.
How satisfied are psychiatrists with their jobs?
Psychiatrists who rated their job gave it an average of 3.9 out of 5 (99 reports). 91% of the 98 reports that answered say they would choose the specialty again.
Where does this psychiatrist salary data come from?
These figures come from 102 reports that psychiatrists submitted anonymously to SalaryDr and that were approved before publication; the most recent is from September 28, 2026. Reports are self-reported: approval means a report passed SalaryDr's review checks, not that the submitter's pay was independently verified. Outlier reports beyond 1.5×IQR are excluded from the median, average and percentiles.
Reports are anonymous and self-reported. How SalaryDr calculates these figures.